I-RESCUE Lending Program

DOCUMENTARY REQUIREMENTS

1. Credit Program for SMEs

a. Pre-Processing

1) Accomplished Loan Application Form (with pictures, if applicable)

2) Securities and Exchange Commission (SEC)/Department of Trade and Industry (DTI) – certified or Corporate Secretary certified true copy of the SEC/DTI Certificate of Registration, Articles of Incorporation and By-Laws

3) Corporate Secretary-certified true copy of the duly notarized certificate confirming the resolution of the Board of Directors and/or committees or bodies authorizing the application for LANDBANK loans and specifying the authorized signatories

4) Valid certificates/permits/licenses/clearances from concerned government agencies

5) Audited F/S for the last three (3) years plus the current year F/S

6) List of key officers of the firm

7) Client Information and Signature Specimen Card and at least one valid/government ID such as but not limited to unexpired passport, Social Security System, Government Service Insurance System or driver's license

8) Tax Identification Number

Note: Applicable only if the above-listed documents are not on-file.

2. Credit Program for Coops and MFIs

a. Pre-release

1) Letter-request to avail from the Term Loan from Coops/MFIs signed by its authorized signatories, indicating among others the following:

a. Amount of loan to be availed

b. No. of prospective sub-borrowers

c. Name of commodity/projects to finance

Note: This is for the purpose of determining more

2) Masterlist of sub-borrowers/sub-PNs to be assigned, if available

3) PDCs, if the Masterlist of Sub-Borrowers is not yet available

4) The Coop/MFI shall maintain custody of all sub-borrower’s PN including underlying collateral. The Coop/MFI shall submit a Notarized undertaking to keep custody of the sub-borrower’s PN and its underlying collaterals provided in favor of LANDBANK and that the same are open for inspection and audit of LANDBANK representative, anytime at the Bank’s discretion.

b. Post-release

1) The Coop/MFI shall submit a Schedule of Loans Disbursed under the I-RESCUE Lending Program (Exhibit 1) not later than sixty (60) calendar days after the loan has been released

2) The Coop/MFI shall return of to LANDBANK the amount the undisbursed amounts including the interest incurred computed up to the date of return/payment not later than 91st calendar day from date of loan release, if any.

3) No subsequent releases shall be made until the Coop/MFI has submitted the complete schedule of loan receivables and has returned/paid to LANDBANK the undisbursed amount including the interest incurred.

4) Validation of sub-PNs shall be covered by the provisions of CPI 2016-007 (Revised Guidelines on Post Validation, Verification and Applicable Sanctions Relative to Credit Facilities secured by Deed of Assignment of PNs), as may be amended.